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Automakers

Daimler, BAIC to invest $735 million in China EV output

Daimler will launch its electric subbrand with an SUV based on the Generation EQ concept, shown, in 2019.
NM
By:
Niamh Melvin
July 05, 2017 05:00 AM

FRANKFURT -- Daimler and its Chinese joint-venture partner BAIC Motor Corp. have agreed to jointly invest 5 billion yuan ($735 million) in electric-vehicle production in China by 2020 and to provide the infrastructure needed.

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